Castleton Technology Share Discussion Threads

[chimers] 05/4/2017 12:44

Here is what renowned ex accountant and share analyst and commentator Paul Scott had to say about CTP shares.
As its old news I hope he wont mind me repeating it here....

CTP the interim figures announced today look encouraging, until you look at the balance sheet, which looks very weak to me. NAV of £15.4m drops to negative -£18.4m after the £33.8m intangibles are written off.

Working capital seems very weak, with a current ratio of 0.55.

Note the deferred income, and borrowings are both quite high. So it looks like a business that is funded from favourable working capital (i.e. getting cash in from customers before it has to pay cash out), plus debt - that all looks a bit too precarious for my taste. So it's not for me.

[1hopefultrader] 05/4/2017 12:21

Unbelievable value here. Seems a little undetected might be time for top up.

[suneday] 05/4/2017 09:05

Market expectations were set high based on repeat revenue. They've been achieved, permitting the company to reduce debt as foreseen from profit. Real cash from greater than expected cash flow.

Though it doesn't suit you, and is contrary to your previous posting, you have to live with it.

Catch you later.

[suneday] 05/4/2017 08:54

"Company is pleased to announce that revenue and profitability for the year are in line with market expectations. Operating cash generation in the period was significantly better than market expectations, facilitating a continued reduction in the Company's net debt."

Only you could read that as a profit warning.

[chimers] 05/4/2017 06:31

Ongoing investigation into related companies and directors and errrrrr...........more but I wont say more bout that for certain reasons.
Wouldnt surprise me if Smiffy now puts on his parachute..............
watch n learn dudles watch n learn.

[chimers] 05/4/2017 06:28

SHOCKING UPDATE!!!

Basically a profits warning guys.

NO PROGRESS and only clutching at straws and trying desperately to keep up with "expectations"

STRONG SELL.

[chimers] 20/3/2017 21:53

WHATS THAT SMELL? ITS TRADERMEL!!!!

PHEWWWWWWWWWWWWWWWWWWWWWWWWWWWW TAKE A BATH FOR FUK SAKE.

What ? oh yeah being a ctp holder you already did ok fair do's

[tradermel] 20/3/2017 21:46

Chimers you total fukwit you think no one is fooled by your multiple account voting

PATHETIC

[suneday] 20/3/2017 21:45

So you bought some! 13,500? Good plan. You won't regret it.

[chimers] 20/3/2017 21:11

You left the backdoor open and WE CHARGED IN.
Its our ace in the hole ;)
All in due course.
Sweat it biatch sweat it.

[suneday] 20/3/2017 21:09

No response required there!
So I'll catch you later.

[chimers] 20/3/2017 21:03

So wrong wrong wrong.
But then what would you expect from a liar and scammer eh!!

Enjoy whats coming.

[suneday] 20/3/2017 20:44

Definitely.

[chimers] 20/3/2017 20:38

You would think so eh!!

[suneday] 20/3/2017 20:22

No wind involved. He, or his outfit, read the original November RNS. It was powered electronically.

[chimers] 20/3/2017 19:53

How is CTP's "growth" progressing ?

[chimers] 20/3/2017 19:52

You will find that I was posting about all of this long long before he got wind.
How did he get wind I wonder ?

Also.......................THIS ...................IS JUST THE BEGINNING.

I made sure of it.

Enjoy.

[chimers] 20/3/2017 17:23

Ok so it was CLEAR and Systematic accounting fraud at RCN.
And by a vast amount.

Previous management are responsible.
It was a "growth" stock which used falsified accounts to overstate profits.

Now then , does this remind you of any other company ?

Hey .....just wondering!! ?

You know.....if a "growth" stock ends up showing that it is NOT a "Growth" stock after all?

[chimers] 20/3/2017 07:37

160 THOUSAND shares dumped late afternoon on close at RCN and 7am an FCA investigation is announced.
Now Im no cynic but.................

Recon the FCA have their work cut out.
Those trades alone need investigating.
tsk tsk ...............heads should roll.

Best they open the books on every single related company because we the public should know if all of these companies are being run by the book or run by bookies :) (I just made that one up right there on the spot quite droll I thought)